Divaris Real Estate

What Divaris Real Estate does

Divaris Real Estate is a privately held, founder-owned commercial real estate firm headquartered in Virginia Beach, Virginia, operating across the Mid-Atlantic region and California through 15 offices and approximately 200 employees. Founded in 1974 in Cape Town, South Africa by Gerald and Michael Divaris and relocated to the United States in 1981, the company provides a full-service CRE platform spanning landlord representation, tenant representation, investment sales and acquisitions, property management, industrial services, retail consulting, receivership, troubled asset recovery, repositioning, and development and project management. The firm oversees approximately 42 million square feet of retail, mixed-use, office, and industrial space under leasing and management, with notable institutional and government clients including the U.S. Coast Guard, Procter & Gamble Distributing, Chartway Federal Credit Union, Evertree Insurance, DaVita, and Apex Entertainment.

The business operates through seven wholly-owned subsidiaries: Divaris Real Estate (brokerage), Divaris Property Management Corp., Creative Development Partners (development and project management), The McGarey Group, S.T. Burke Retail Partners, Ingenuity Development, and KLNB Asset Services. Revenue is generated through transaction-based commissions on leasing and investment sales, recurring managed services fees on the 42 million sq ft property management book, and professional services fees on development engagements. Pricing is commission-based and negotiated transaction-by-transaction, with no publicly disclosed standard rates. The technology stack is built around a proprietary Market Research Platform combining traditional census research with geolocation and foot traffic analytics, supported by marketing management, property management, accounting, and reporting systems. The firm is differentiated by a 70%+ female workforce and 50% female leadership, and by membership in the Realty Resources network (91 US markets) and The CORE Network (US, Canada, Mexico, Asia, Europe) for cross-market referrals.

Name

Divaris Real Estate

Legal name

Divaris Consolidated Investments, Inc.

Website

https://divaris.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage Services

NAICS

Offices of Real Estate Agents and Brokers (531210), Nonresidential Property Managers (531312)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industries

Office Brokerage (BPAJABAA), Tenant Representation & Corporate Services Brokerage (BPAJABAJ), Office Real Estate Asset Management (BPAJAMAG)

Keywords

• Commercial real estate brokerage
• Property management services
• Tenant representation
• Landlord representation
• Investment sales

Headquarters

HQ city

Virginia Beach

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Leasing Commission: Commission-based fees earned from representing landlords and tenants in commercial lease transactions. The company represents both sides of the market across retail, office, and industrial properties.
2. Investment Sales Commission: Fees from buying and selling commercial properties including retail, office, industrial and mixed-use assets
3. Property Management: Ongoing property management services fees for retail, mixed-use, office, and industrial space. Divaris Property Management Corp oversees approximately 42 million square feet under management.
4. Development & Project Management: Development and construction management services handled through Creative Development Partners subsidiary

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Divaris Real Estate is a full-service commercial real estate brokerage and advisory firm providing landlord representation, tenant representation, investment sales and acquisitions, property management, receivership, repositioning and monetization, troubled asset recovery, industrial services, retail consulting, and development and project management. The firm operates across retail, office, industrial, and mixed-use asset classes and manages approximately 42 million square feet of commercial space across the Mid-Atlantic region and California.

Product overview

Divaris Real Estate is a full-service commercial real estate brokerage firm offering a comprehensive suite of services including landlord and tenant representation, investment sales, property management, and specialized services such as receivership, troubled asset recovery, and industrial/retail consulting. The firm operates through several divisions: Divaris Real Estate (brokerage), Divaris Property Management Corp. (property management), Creative Development Partners (development/project management), and Divaris Consulting Services (retail consulting). The company manages approximately 40+ million square feet of retail, mixed-use, office, and industrial space across 15 offices in the Mid-Atlantic region and California.

Differentiator

Problem solved

Functional benefit

Products and services

• Landlord Representation Brokerage service representing commercial property owners in leasing their space to tenants, including marketing, tenant screening, and lease negotiation.
• Tenant Representation Brokerage service helping businesses find and secure commercial space, including site selection, market analysis, and lease negotiation support.
• Investment Sales & Acquisitions Facilitates the purchase and sale of commercial real estate assets, including portfolio transactions and investment property sales.
• Property Management Full-service property management for retail, office, and industrial properties, handled by Divaris Property Management Corp.
• Receivership Management and administration of properties under court-appointed receivership.
• Repositioning & Monetization Strategic services to optimize underperforming or vacant commercial properties for improved returns.
• Troubled Asset Recovery Recovery services for distressed or non-performing commercial real estate assets.
• Industrial Services Brokerage and consulting services specifically for industrial properties including warehouses, distribution centers, and manufacturing facilities.
• Retail Consulting Market analysis, customer demographics and psychographics, product merchandising, pricing analysis, and marketing services for brick-and-mortar retail, run through Divaris Consulting Services from the Beverly Hills office.
• Development & Project Management Full-service development and construction management handled by Creative Development Partners (CDP), including land acquisition, entitlements, build-to-suit, fee development, and lease purchase options.

Quantifiable outcome

• 42 million square feet of retail, mixed-use, office, and industrial space managed under leasing and management
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Armada Hoffler PropertiescoreStrategic or Co-development Partner · 30 October 2019Long-standing strategic partnership for Town Center of Virginia Beach development. Co-announced Apex Entertainment's 84,000 SF lease for first Mid-Atlantic location. Armada Hoffler is the developer and property owner while Divaris handles leasing representation.
• Realty ResourcescoreChannel Partner/ Reseller/ DistributorNational group of independent retail property brokers and managers covering 91 major markets throughout the US. Divaris is a member enabling access to national referral network and broader market coverage.
• The CORE NetworkcoreChannel Partner/ Reseller/ DistributorDivaris is the Virginia affiliate for The CORE Network, a national group of office and industrial brokers with affiliates throughout the US, Canada, Mexico, Asia and Europe. Provides access to corporate and institutional clients.
• Creative Development Partners (CDP)coreStrategic or Co-development PartnerFull-service development company providing land acquisition, entitlements, build to suit, fee development, lease purchase, and construction management/owner's rep services. Handles all development and project management for Divaris clients.
• Cystic Fibrosis FoundationminorOthersNon-profit partnership through Bridget McGarey's involvement. Bridget serves as former Vice Chair of Tomorrow's Leaders, CF Foundation - San Diego Chapter, and honoree of CF Grand Chef Throwdown.
• Commercial Real Estate Women (CREW)minorOthersIndustry organization dedicated to transforming commercial real estate by advancing women globally. Krista Costa is a founding member of the Coastal Virginia chapter. Multiple Divaris women serve in leadership roles.
• International Council of Shopping Centers (ICSC)minorOthersGlobal trade organization for shopping center industry. Multiple Divaris brokers are active members including James O'Neill, Loretta Cataldi, and Charles Neil.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Newmark Group: Public full-service commercial real estate firm with strong retail, office, and investment sales practices across U.S. markets. Highly comparable to Divaris in offering landlord/tenant representation, investment sales, and property management, but at much larger national scale.
• Colliers International: Global full-service CRE services firm with significant office, retail, and industrial brokerage, plus property management. Comparable to Divaris in service mix and broker-driven model, though operating at international scale.
• Cushman & Wakefield: Global CRE services firm with deep retail, office, and industrial brokerage and management offerings. Closely comparable service line-up to Divaris (landlord/tenant rep, investment sales, property management) at significantly larger scale.
• Avison Young: Private, principal-led full-service CRE firm with strong office and retail brokerage. Closely mirrors Divaris' private, relationship-driven, full-service model across multiple property types and U.S. regions.
• Lee & Associates: Privately held, broker-owned full-service commercial real estate firm with multiple U.S. offices. Comparable to Divaris in being private, full-service, and regionally anchored with national reach through its office network.
• NAI Global: Network of independently owned commercial real estate brokerage firms offering brokerage and property management worldwide. Comparable to Divaris in operating through a regional broker network with national referral reach, similar to Realty Resources partnership.
• Cresa: Privately held, occupier-focused commercial real estate firm specializing in tenant representation and corporate services. Directly comparable to Divaris' Tenant Representation & Corporate Services brokerage line.
• Marcus & Millichap: Public investment sales firm specializing in commercial real estate investment brokerage. Comparable to Divaris' Investment Sales & Acquisitions practice, though more narrowly focused on capital markets transactions.

Broad incumbents

• CBRE Group: Largest global full-service CRE firm with comprehensive brokerage, property management, valuation, and capital markets capabilities. Overlaps with all of Divaris' service lines as the dominant incumbent competitor in the broader CRE services market.
• JLL (Jones Lang LaSalle): Global professional services firm with major commercial real estate brokerage, property management, and investment sales operations. Overlaps broadly with Divaris' full-service CRE offerings, particularly in office and industrial.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/divarisre
• Facebookfacebook.com/divarisrealestate
• LinkedInlinkedin.com/company/divaris-real-estate

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Divaris Real Estate